Norway Holds Interest Rates Steady; NOK Sees Muted Gains
August 17, 2010 12:22 pm by Greg HoldenNorway’s central bank decided to leave interest rates unchanged last week, a decision which was broadly anticipated. Comments from Norges Bank Governor Svein Gjedrem seem to suggest that Norway’s economic growth and inflationary figures are on track with what they ...
Swedish Krona Champion of Summer-Time Growth?
August 10, 2010 1:47 pm by Greg HoldenWhich currency would you claim as the strongest in Europe these past three months? Only forex traders familiar with the variety of instruments available in Europe would think to guess Sweden’s krona (SEK). It’s not that the SEK is the ...
Scandinavian Kroner See Bullish Week Vs. Majors
July 27, 2010 7:20 pm by Dan EduardThe Scandinavian currencies, particularly the SEK and NOK, saw a particularly bullish week against both the euro and dollar. As investors begin looking for alternative European investments due to the unstable euro-zone situations, the kroner has emerged as a potential ...
Time to Buy the Norwegian Kroner (NOK)?
July 13, 2010 1:50 pm by Greg HoldenA clear descending triangle pattern has developed on the daily chart of the USD/NOK and many analysts are now expecting a bearish breakout in the coming days. A descending triangle formation historically represents a bearish signal.
Swedish Currency in Position for Muted Gains
July 6, 2010 1:53 pm by Greg HoldenSweden's central bank, the Riksbank, recently stated that its growth prospects remain solid, and that its economy currently stands on firm ground. We've seen long-term appreciation of the SEK against its 16-nation EUR counterpart over the past few months, with ...
Kroner Gains on Euro in a Volatile Start to the Week
June 22, 2010 7:32 pm by Dan EduardA Chinese currency decision earlier this week created heavy volatility in the marketplace and led to major gains for the Scandinavian kroner. The announcement that the Chinese yuan would no longer be pegged to the U.S. dollar sent currencies ...
Swedish Kroner Due for Reversal against USD?
May 24, 2010 5:26 pm by Greg HoldenThe US Dollar's recent resurgence has caused a stir across a number of markets, but the subsequent rumblings are not unexpected. Any time investors see a sharp movement by any currency there is an understanding that a correction is in ...
Kroner Jumps as Risk Taking Returns to Marketplace
May 11, 2010 12:25 pm by Dan EduardFollowing weekend news that Greece's financial bailout package has been approved, the Scandinavian Kroner jumped against the Euro as risk appetite began to return to the marketplace. The Swedish and Norwegian currencies were fairing particularly poorly last week during the ...
Kroner May Extend Gains Against EUR This Week
April 26, 2010 3:39 pm by Dan EduardThe Scandinavian currencies have made significant gains against the Euro as of late, with the single currency still hurting following the failure to fully implement a Greek bailout package. In the last week alone, both the Swedish Krona and ...
USD/DKK Offers Trading Education Opportunity
April 6, 2010 3:30 pm by Greg HoldenGiven the thin trading conditions currently in the market, the Danish Krone appears to be offering a good opportunity to learn a good lesson about reading technical analysis. The chart displayed below is the 4-hour chart of the USD/DKK currency ...
